CorionX Planned To Lock Up Tokens
We are thrilled to share with our community an economically backed strategic approaches taken to ensure the sustainability of CorionX Ecosystem.
Here are highlights of what we have achieved in the last month:
The last months have been exciting for us and largely the community. We could not have reached this milestone without the support, suggestions and encouragement from our cherished community.
Now, let’s look at the details of our plans.
It is the core objective of CorionX team to ensure that the holders and future users of CorionX ecosystem is large and decentralized. With that in mind, the team is also committed to the long-term success of the CorionX infrastructure.
For the sake of transparency, the team has adopted a Lockup and Vesting CorionX tokens.
Recap from Tokenomics
TOKEN TICKER: CORX
TOKEN TYPE: ERC-20
TOTAL SUPPLY: 400M
INITIAL SUPPLY: 89M
Details of the Lockup and Vesting Schedules:
✍️ 120m locked as Loyalty, Staking and Rewards for 5 years, release on quarterly (6m). Locked starting Dec 2020
Contract address: 0xE57a59Fe34E1c61DA6eea9Bf798A6a36641e3BAb
✍️ 120m locked as a reserve for the next phase of CorionX Development and Partnerships for 5 years with 1year cliff and 4 years vesting, release on quarterly (7,7m). Locked starting Dec 2020.
Contract address: 0xC9F0E6e8CB73e50f2b1eA2fD9841158Dffb891C5
✍️ 58m for community growth and incentives:
1. DEX Liquidity
2. Farming Rewards
2. #MoneyInTheRightDirection rewards
3. Bounties, Meme contest
4. Community initiative program like AAMA (Details will be available in 2021).
CorionX Liquidity Lockup
We are aware of our community’s concern about scams and rug pulls of projects, this is an important step we take in continuing to help build more trust with the users, traders and investors who have taken interest in our project and token.
CORX Liquidity Providers Reward Program offers a further opportunity to let CORX token holders to earn up to 32% APY with providing liquidity to CORX/ETH Uniswap Pool.
Congrats to everyone who participated and are actively involved in helping bring awareness to the CorionX project.
Journey with us as we build the crypto education infrastructure and the robust user friendly and interoperable CorionX.
CorionX is a modern blockchain platform built on Ethereum that acts as a hub for crypto and stablecoin users, and is built to promote the adoption of cryptocurrency, stablecoins, crpyto saving solutions and other technologies that empower users and reduce reliance on legacy infrastructure. The CorionX (CORX) token is “gas” for the rapidly developing stablecoin and crypto infrastructure and is designed to help incentivize stablecoin and DeFi adoption.
CorionX (ERC-20 token), with its utility token, CORX, is focused on merging the cryptocurrency and fast-growing stablecoin environment. CORX is an important asset to incite education, promotion, and spread of crypto knowledge globally with the #MoneyInTheRightDirection movement. This movement will tie the world together in a community where people share knowledge and information about digital finance and its various aspects.
CorionX is using partners bridges to provide interoperability, fast, secure & cheap transactions and scalability
Staking without lockup with CORX. Holders of the CORX utility token earn 2.5% quarterly, (10.38% APY) staking rewards without needing to lock up their assets. This is paid on the average CorionX balance held in the user’s ETH wallet, leaving them free to transact and benefit from the token’s utility without missing out on rewards.
Learn more about the about CorionX — https://corion.io/corionx/
Follow CorionX on Facebook — https://www.facebook.com/CorionFoundation
Find CorionX on Twitter — https://twitter.com/CorionPlatform
Join the CorionX community on Telegram — https://t.me/corionx
Read about CorionX on Medium — https://medium.com/@Corion
Follow CorionX on Linkedin — https://www.linkedin.com/company/corionplatform/
Track CorionX on CoinMarketCap — https://coinmarketcap.com/currencies/corionx/
ATTENTION: This is not an investment advice. Please ensure that you undertake sufficient risk assessment when trading and holding tokens, as they are often subject to high price volatility. This article is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.